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Many policy actions of the CMU have the objective to enhance access to finance for the so-called backbone of the European economy-the SMEs. The CMU aims at improving the framework conditions for SME financing, at strengthening bank lending-as the most important external financing source for...
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global technological markets. Their catch up process started with technology transfer in consequence of foreign direct … still lagging behind, but they are catching up considerably. China is at this stage the world's largest exporter of IC-technology …&D. To persist the rising technological competition with these countries, Germany has to increase its efforts in innovation …
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